Latest news with #RRC
Daily Mirror
2 days ago
- Politics
- Daily Mirror
Third of renters 'could be forced out by rent hikes' despite landmark reforms
Labour's significant Renters' Rights Bill, which is currently passing through Parliament, will ban landlords from evicting renters for no reason from their homes - but fears remain As many as a third of renters could be forced out by rent hikes despite landmark legislation to protect their rights, research shows. Labour 's significant Renters' Rights Bill, which is currently passing through Parliament, will ban landlords from evicting renters for no reason from their homes. But despite Section 21 evictions being abolished, campaigners have raised concerns that landlords would still be able to use unfair rent hikes to push people out of their homes. Polling by the Renters Reform Coalition (RRC) has found 34% of renters, and 29% of renters with children, said they would "definitely" be forced to move home by a rent increase of £110 per month. Analysis by the campaign group suggests the average rent increase recommended at first-tier rent tribunals is more than double this at over £240 per month. RRC said the government recognises 'unreasonable rent increases' and had promised to 'empower' renters to challenge them through tribunals. But its polling showed more than half of renters (54%) were unaware that rent tribunals exist and only 14% said they were 'very likely' to use one to challenge a rent increase in future - even after the government has made changes to improve the process. The RRC is calling on the government to introduce a cap on in-tenancy rent increases so renters can remain in their homes. The Renters' Rights Bill is in its final stages of the House of Lords and so is due to become law soon. Peers have attempted to amend the legislation to limit rent increases. Tom Darling, Director at the RRC, praised the 'long overdue' Bill to improve renters' rights but said 'the rent rise eviction loophole is a serious gap in the legislation'. 'Even after section 21 is abolished, our research suggests as many as a third of renters will still face being pushed out of their homes and communities by rent increases, and landlords will be able to use rent hikes they know tenants cannot afford to threaten or intimidate,' he said. "The government's proposed solution will not address this - our analysis shows rent tribunals will do nothing to protect the large proportion of renters who already cannot afford average market rents, even if they were willing to take their landlord to a tribunal in the first place.' A Ministry of Housing, Communities and Local Government spokesman said: 'Our landmark Renters' Rights Bill will ensure that landlords are only be able to increase rents once a year to the market rate, and tenants will be able to challenge unreasonable rent increases through the First-tier Tribunal. 'This will prevent unscrupulous landlords using rent increases as a backdoor means of eviction, while ensuring rents can be increased to a fair rate.' The Government has been clear it does not support rent caps. Officials say heavy-handed controls tend to mean higher rents at the start of a tenancy. It was also highlighted that MHCLG secured a £39billion investment for affordable housing at the Spending Review. ::: The RRC commissioned polling from More in Common, who surveyed 1,076 private renters through three separate polls between April 25 - May 5.
Yahoo
21-06-2025
- Business
- Yahoo
The 4.4% return this week takes Range Resources' (NYSE:RRC) shareholders five-year gains to 766%
For many, the main point of investing in the stock market is to achieve spectacular returns. While not every stock performs well, when investors win, they can win big. To wit, the Range Resources Corporation (NYSE:RRC) share price has soared 739% over five years. This just goes to show the value creation that some businesses can achieve. In more good news, the share price has risen 9.9% in thirty days. We love happy stories like this one. The company should be really proud of that performance! After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During the last half decade, Range Resources became profitable. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here. The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image). It's probably worth noting that the CEO is paid less than the median at similar sized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Range Resources, it has a TSR of 766% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence! It's nice to see that Range Resources shareholders have received a total shareholder return of 30% over the last year. Of course, that includes the dividend. However, that falls short of the 54% TSR per annum it has made for shareholders, each year, over five years. The pessimistic view would be that be that the stock has its best days behind it, but on the other hand the price might simply be moderating while the business itself continues to execute. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Even so, be aware that Range Resources is showing 2 warning signs in our investment analysis , you should know about... For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-06-2025
- Business
- Yahoo
WaterBridge Issues Statement on Updated Permitting Regulations From the Railroad Commission of Texas
HOUSTON, June 12, 2025--(BUSINESS WIRE)--WaterBridge, an industry leader in produced water midstream infrastructure, today issued the following statement following the Railroad Commission of Texas' (RRC) recently-announced permitting guidance for new or amended permits for produced water handling facilities in the Permian Basin. WaterBridge's Commitment to Regulatory Excellence and Industry Leadership The updated permitting guidelines instituted by the RRC are closely aligned with WaterBridge's current operating practices for produced water handling via underground injection and will not materially impact our operations. Industry practices in the Permian Basin are ever evolving. Over the past decade, the RRC has increasingly focused on addressing emerging issues, including seismicity and pore pressure – matters that WaterBridge has long been focused on. We commend the RRC for establishing updated guidelines that will support the permitting process for the benefit of all stakeholders and provide greater clarity and efficiency for the industry. As formation pressure issues have emerged within certain areas of the Permian Basin, WaterBridge has worked collaboratively with our E&P customers and the RRC to provide feedback, as well as pressure and seismic data and, ultimately, constructive solutions for responsible, long-term produced water management. WaterBridge has always maintained the highest standards for produced water handling and management. To that end, we have historically taken several measures as part of our infrastructure development methodology and underwriting criteria, including: Intentionally developing our infrastructure network to distribute our produced water handling facilities over a broad geographic footprint to mitigate pressure concerns that typically stem from over-concentrated disposal, including minimum spacing restrictions Leveraging our in-house geology and regulatory teams, as well as third party experts, to perform regional reviews to identify potential hazard wells, pressure limitations, current and future production, and/or other geological concerns that present potential environmental risks to the permitting and development of new produced water handling infrastructure Abstaining from development and operation of deep disposal wells in Texas to mitigate potential seismicity risks Further, through our relationship with leading land management platform, LandBridge Company LLC (NYSE: LB), as well as other strategic landowner partners, we have secured significant resources for the continued development of sustainable water handling infrastructure, including access to underutilized pore space. WaterBridge's partnership approach and resources help ensure that both we and our E&P customers will continue to operate efficiently and responsibly under the updated RRC permitting guidelines. We strongly believe that our differentiated approach provides E&P customers with the flow assurance needed to facilitate production growth within an environmentally responsible framework, supporting the longevity of our operations in the Delaware Basin area of the Permian Basin. Jason Long, Chief Executive Officer of WaterBridge, added: "The RRC has taken an important step towards preventing the proliferation of seismicity and pore pressure issues across the Permian. We were grateful for the opportunity to provide the RRC with our insights as they developed these new guidelines which more closely align with our longstanding approach of distributed, environmentally responsible water management. We look forward to continued dialogue with the RRC." WaterBridge is well-positioned to accommodate evolving RRC permitting guidelines due to our: Track Record of Responsibility: We strive to exceed the regulatory framework, operating one of the most responsible and sustainable water infrastructure platforms in the industry. This approach encompasses our pre-development geo-location analysis, RRC permitting processes and ongoing regulatory compliance Scale and Volume: Our extensive infrastructure and operational capacity allow us to adapt quickly and seamlessly to evolving regulatory requirements and the needs of our E&P customers. It also empowers our ability to continue bringing the most innovative and environmentally responsible solutions to the marketplace Investment in Long-Term Solutions: Since inception, WaterBridge has been focused on long-term water management practices. Benefiting from ample pore space available via LandBridge and other landowner partners, we have proactively distributed our facilities geographically rather than concentrating injection within localized areas, resulting in greater longevity and environmental benefits Ongoing Dialogue with Regulators: We maintain continuous and constructive conversations with the RRC and other state regulatory authorities to ensure our practices remain at the forefront of industry standards About WaterBridge WaterBridge Operating LLC, a portfolio company of Five Point Infrastructure LLC and GIC, and NDB Midstream LLC, a strategic partnership between Five Point Infrastructure LLC and Devon Energy Corp. (NYSE: DVN), collectively as WaterBridge, operate large-scale produced water transportation, handling, recycling and reuse assets in the Delaware Basin in West Texas and New Mexico, the Eagle Ford Basin in South Texas, and the Arkoma Basin in Oklahoma. Collectively, WaterBridge handles approximately 2.4 million bpd of produced water and owns approximately 4.2 million bpd of produced water handling capacity along with 2,500 miles of pipeline. Headquartered in Houston, Texas, WaterBridge benefits from a first-mover advantage in the water midstream sector and a deeply experienced and entrepreneurial management team. For further information, please visit About LandBridge LandBridge Company LLC (NYSE: LB) owns approximately 277,000 surface acres across Texas and New Mexico, located primarily in the heart of the Delaware sub-region in the Permian Basin, the most active region for oil and gas exploration and development in the United States. LandBridge actively manages its land and resources to support and encourage energy and infrastructure development and other land uses, including digital infrastructure. LandBridge was formed by Five Point Infrastructure LLC, a private equity firm with a track record of investing in and developing energy, environmental water management and sustainable infrastructure companies within the Permian Basin. For more information, please visit: View source version on Contacts Scott McNeelyChief Financial OfficerWaterBridgeContact@ MediaDaniel Yunger / Nathaniel ShahanKekst / Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
12-06-2025
- Business
- Business Wire
WaterBridge Issues Statement on Updated Permitting Regulations From the Railroad Commission of Texas
HOUSTON--(BUSINESS WIRE)--WaterBridge, an industry leader in produced water midstream infrastructure, today issued the following statement following the Railroad Commission of Texas' (RRC) recently-announced permitting guidance for new or amended permits for produced water handling facilities in the Permian Basin. WaterBridge's Commitment to Regulatory Excellence and Industry Leadership The updated permitting guidelines instituted by the RRC are closely aligned with WaterBridge's current operating practices for produced water handling via underground injection and will not materially impact our operations. Industry practices in the Permian Basin are ever evolving. Over the past decade, the RRC has increasingly focused on addressing emerging issues, including seismicity and pore pressure – matters that WaterBridge has long been focused on. We commend the RRC for establishing updated guidelines that will support the permitting process for the benefit of all stakeholders and provide greater clarity and efficiency for the industry. As formation pressure issues have emerged within certain areas of the Permian Basin, WaterBridge has worked collaboratively with our E&P customers and the RRC to provide feedback, as well as pressure and seismic data and, ultimately, constructive solutions for responsible, long-term produced water management. WaterBridge has always maintained the highest standards for produced water handling and management. To that end, we have historically taken several measures as part of our infrastructure development methodology and underwriting criteria, including: Intentionally developing our infrastructure network to distribute our produced water handling facilities over a broad geographic footprint to mitigate pressure concerns that typically stem from over-concentrated disposal, including minimum spacing restrictions Leveraging our in-house geology and regulatory teams, as well as third party experts, to perform regional reviews to identify potential hazard wells, pressure limitations, current and future production, and/or other geological concerns that present potential environmental risks to the permitting and development of new produced water handling infrastructure Abstaining from development and operation of deep disposal wells in Texas to mitigate potential seismicity risks Further, through our relationship with leading land management platform, LandBridge Company LLC (NYSE: LB), as well as other strategic landowner partners, we have secured significant resources for the continued development of sustainable water handling infrastructure, including access to underutilized pore space. WaterBridge's partnership approach and resources help ensure that both we and our E&P customers will continue to operate efficiently and responsibly under the updated RRC permitting guidelines. We strongly believe that our differentiated approach provides E&P customers with the flow assurance needed to facilitate production growth within an environmentally responsible framework, supporting the longevity of our operations in the Delaware Basin area of the Permian Basin. Jason Long, Chief Executive Officer of WaterBridge, added: 'The RRC has taken an important step towards preventing the proliferation of seismicity and pore pressure issues across the Permian. We were grateful for the opportunity to provide the RRC with our insights as they developed these new guidelines which more closely align with our longstanding approach of distributed, environmentally responsible water management. We look forward to continued dialogue with the RRC.' WaterBridge is well-positioned to accommodate evolving RRC permitting guidelines due to our: Track Record of Responsibility: We strive to exceed the regulatory framework, operating one of the most responsible and sustainable water infrastructure platforms in the industry. This approach encompasses our pre-development geo-location analysis, RRC permitting processes and ongoing regulatory compliance Scale and Volume: Our extensive infrastructure and operational capacity allow us to adapt quickly and seamlessly to evolving regulatory requirements and the needs of our E&P customers. It also empowers our ability to continue bringing the most innovative and environmentally responsible solutions to the marketplace Investment in Long-Term Solutions: Since inception, WaterBridge has been focused on long-term water management practices. Benefiting from ample pore space available via LandBridge and other landowner partners, we have proactively distributed our facilities geographically rather than concentrating injection within localized areas, resulting in greater longevity and environmental benefits Ongoing Dialogue with Regulators: We maintain continuous and constructive conversations with the RRC and other state regulatory authorities to ensure our practices remain at the forefront of industry standards About WaterBridge WaterBridge Operating LLC, a portfolio company of Five Point Infrastructure LLC and GIC, and NDB Midstream LLC, a strategic partnership between Five Point Infrastructure LLC and Devon Energy Corp. (NYSE: DVN), collectively as WaterBridge, operate large-scale produced water transportation, handling, recycling and reuse assets in the Delaware Basin in West Texas and New Mexico, the Eagle Ford Basin in South Texas, and the Arkoma Basin in Oklahoma. Collectively, WaterBridge handles approximately 2.4 million bpd of produced water and owns approximately 4.2 million bpd of produced water handling capacity along with 2,500 miles of pipeline. Headquartered in Houston, Texas, WaterBridge benefits from a first-mover advantage in the water midstream sector and a deeply experienced and entrepreneurial management team. For further information, please visit About LandBridge LandBridge Company LLC (NYSE: LB) owns approximately 277,000 surface acres across Texas and New Mexico, located primarily in the heart of the Delaware sub-region in the Permian Basin, the most active region for oil and gas exploration and development in the United States. LandBridge actively manages its land and resources to support and encourage energy and infrastructure development and other land uses, including digital infrastructure. LandBridge was formed by Five Point Infrastructure LLC, a private equity firm with a track record of investing in and developing energy, environmental water management and sustainable infrastructure companies within the Permian Basin. For more information, please visit:
Daily Mirror
01-06-2025
- Business
- Daily Mirror
Dad, 44, makes passionate plea after being victim to 'greed over humanity'
Nearly a third of private renters - an estimated 3.8 million people - struggle to afford essentials like groceries - read dad Trevor Twohig's renting story below Nearly a third of private renters - an estimated 3.8 million people - "always" or "often" struggle to afford essentials like groceries due to the amount they spend on rent, grim polling shows. Almost one in 10 have sold or pawned personal items to be able to afford rent, according to the survey by the Renters' Reform Coalition (RRC). More than half - 53% - of renters said they 'always' or 'often' don't have any money left for savings due to the amount they spent on rent. Average rents have risen by 31% in the last five years, according to recent analysis by the Joseph Rowntree Foundation. An amendment to the Renters' Rights Bill, which is passing through the House of Lords, calls for a review of rent affordability in England after the bill has been passed. The change, which received cross party support at committee stage, is likely to be brought to a vote in the bill's upcoming Report Stage. Baroness Grender, the Lib Dem peer who tabled the amendment, said: 'Renters are often paying unreasonably high prices for homes that fail to meet basic standards. That's why I've put forward an amendment to help make renting more affordable and fair. A caring society starts with a stable home, and we should demand nothing less." Tom Darling, director at the RRC, said: "The cost of rent is out of control - it is just unacceptable that today nearly a third of tenants are struggling just to afford basic necessities like groceries. The Renters' Rights Bill is long overdue, and has a lot to recommend it, but it has very little to say about this affordability crisis.' A Government spokesman said: 'These findings are concerning. We want to create a fairer housing market and that's why our Renters' Rights Bill will empower tenants to challenge excessive rent hikes and stop landlords from demanding large amounts of rent in advance. 'We are also putting more money in people's pockets by protecting payslips from higher taxes, freezing fuel duty and increasing the minimum wage to deliver pay rises of up to £1,400 a year for millions of low-income workers.' Under the bill, landlords will only be able to increase rents once per year to the market rate and tenants will be able to challenge unreasonable rent increases through the first-tier tribunal. ::: More in Common surveyed 1,076 private renters between April 25 and May 5 for RRC. 'Landlords are acting with greed rather than humanity' Trevor Twohig, 44, who lives with his wife and three kids, has accused landlords of acting with 'greed rather than humanity'. He said he struggles to save up cash for his family and said it was 'ridiculous' renters' lives are at 'the mercy of landlords'. Trevor, who recently set up a neurodiversity coaching company, said his family were recently evicted from their home in Ashford, Kent, despite having lived there for four years and being 'great tenants'. Their landlord told Trevor and his wife Tnaesha that he was going to sell the house in November and they had to leave within two months. But Trevor said it was a lie and that the landlord actually hiked the rent by £700. 'He ended up renting it to town people from London for £2,200 per calendar month which highlights the emphasis on greed rather than humanity,' he said. The family now live in a 'less desirable' area in a £1,500 per month bungalow in Ashford, where his kids have to share one room. Asked if he struggles to save due to high rent prices, Trevor said: 'Yeah, I think so. I think that for everyone at the moment, it's very, very difficult. 'Unfortunately, it seems that as soon as there are a lack of properties in an area, the price rockets up, and that, to me, is unethical. And that prevents people who want to purchase property in this country from being able to save up the money that they need to. 'I do think, absolutely, saving has become a thing of the past for a lot of people, because, yeah, the cost of living, but in particular, the cost of renting and buying is, quite frankly, a bit absurd at the moment.' Trevor called for better regulation around how much landlords can charge for rent. 'Fundamentally, I think we need renters to be treated with the same respect as homeowners,' he said. 'I just feel at the moment that if you are a renter, you are fundamentally a second-class citizen.'
